The proportion of stock allocation by risky funds has reached a record high, and they will continue to increase their position in the equity market in 2026.

Insurance funds are expected to continue to enter the market in 2026. Recently, the China Banking Insurance Asset Management Industry Association released the results of a survey on the asset allocation outlook of insurance institutions in 2026. From the perspective of the balance of insurance company fund utilization, the allocation of stocks has reached a new high; most insurance institutions hold a relatively optimistic attitude towards the A-share market in 2026 and plan to slightly increase their allocation to A-shares. The above survey results are based on feedback from 127 insurance institutions, including 36 insurance asset management institutions and 91 insurance companies. The results of the survey show that in terms of overall asset allocation, stocks and securities investment funds are the domestic investment assets commonly favored by insurance institutions in 2026. Most insurance institutions expect the allocation ratios of bank deposits, bonds, securities investment funds, and other financial assets to remain basically the same as in 2025, with some institutions showing a willingness to moderately or slightly increase their investments in stocks.